Outlook Gold and silver
Gold and silver prices are expected to trade on a positive note today on the back of rise in safe haven demand due to
geopolitical tensions between Ukraine and Russia. Further, upbeat market sentiments coupled with strength in the
DX on account of positive data set released from US will act as a positive factor. However, sharp upside in the
prices will be capped as physical demand in Asian regions has slowed down. In the Indian markets, depreciation
in the Rupee will support sharp gains in the prices.

Outlook Crude
From an intraday perspective, crude prices will trade lower as the data set released from China yesterday showed
that economy slowed markedly in the first two months of the year, with growth in investment, retail sales and
factory output all falling to multi-year lows. Besides, China's implied oil demand fell 3.1 percent
in the same time frame from a year ago, as the economy of the world's second largest oil consumer slowed sharply.
In the Indian markets, prices will trade positive taking cues from international markets
and the rupee weakness in today’s trading session.

Outlook Copper
We expect base metals prices to trade on a negative note today on the back of concerns of economic growth in Chinese economy.
Further, weak market sentiments due to geopolitical tensions between Ukraine and Russia coupled with strength
in the DX will exert downside pressure on the prices.
However, estimates of positive consumer sentiments data from the US in the evening session will restrict sharp downside in the prices.
In the Indian markets, depreciation in the Rupee will cushion downside movement in the prices.